Santos underpins benefits of Narrabri gas project

Santos chief executive officer Kevin Gallagher has reinforced how he has helped restructure the company and implemented a strategy that focuses on core natural gas assets in Australia, Papua New Guinea and Timor Leste. These assets include the Narrabri gas project, which is part of a strategy to bring stronger balance sheets, improved production and …
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Oil Search cuts jobs, management takes pay cut

Oil Search has continued to take decisive steps to ensure the sustainability of its business in response to the challenges facing the global energy industry. Last week, the company announced that it would be suspending all upcoming discretionary activities, except those required to maintain the production of oil and gas from its facilities in Papua …
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Beach in stable position despite global events

Beach Energy has taken rapid and decisive action in response to the lower oil price environment, declaring it is in a stable position to navigate the drop in prices. Matt Kay, Beach chief executive officer and managing director, said through these unprecedented times, the company’s primary focus would be to protect its workforce and communities. …
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Santos freezes hiring, reassesses 2020 expenditure

Santos plans to cease new hiring and is reviewing its capital spending plan following the recent drop in oil prices. Chief executive officer Kevin Gallagher said Santos was a much more resilient company today compared to 2015-2016 when it faced challenging oil prices and market conditions. Santos had planned to spend $US1.45 billion ($2.38 billion) …
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Oil slump hits Australian producers

Shares in Australia’s oil and gas giants have fallen sharply following the fallout from the inability of OPEC and Russia to reach an agreement on production cuts last week. The oil and gas sector has been hit hard, with Woodside share prices falling 18.3 per cent from $26.44 to $21.10 during Monday trading. Santos recorded …
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